Armada Hoffler Properties, Inc. (NYSE:AHH) Director Buys $229,200.00 in Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk bought 30,000 shares of the stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the acquisition, the director now directly owns 49,430 shares in the company, valued at approximately $377,645.20. This trade represents a 154.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Armada Hoffler Properties Price Performance

Shares of AHH stock traded up $0.15 during trading hours on Wednesday, reaching $7.81. The stock had a trading volume of 2,541,439 shares, compared to its average volume of 840,080. The stock’s fifty day simple moving average is $9.30 and its 200 day simple moving average is $10.43. The firm has a market capitalization of $790.90 million, a PE ratio of 24.39 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 12 month low of $7.47 and a 12 month high of $12.46. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. The firm had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. On average, equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.17%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is 175.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vision Capital Corp bought a new stake in Armada Hoffler Properties during the third quarter valued at approximately $11,913,000. Sound Income Strategies LLC bought a new stake in shares of Armada Hoffler Properties during the 4th quarter worth $9,049,000. Vanguard Group Inc. grew its position in Armada Hoffler Properties by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after acquiring an additional 829,392 shares in the last quarter. Nuveen Asset Management LLC grew its position in Armada Hoffler Properties by 118.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock worth $13,453,000 after acquiring an additional 713,010 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Armada Hoffler Properties by 15.3% in the fourth quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after acquiring an additional 269,367 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Scotiabank decreased their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.